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OPG Power - Excellent buy opportunity

March 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • OPG
  • Price:
  • 63.5p
The shares have fallen from over 80p after OPG said that during commissioning trials at its 77 MW facility, a component of the boiler, the air pre-heater, had failed. Although this cost will be covered by Tata, who are delivering the plant under its turnkey contract, a new heater has arrived. At the same time, OPG said that it has entered into an agreement with the State Electricity board for the supply of 50MW of power from the plant. Never look a gift horse in the mouth - with the new heater currently being fitted this is an excellent buy opportunity. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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